Ticker Options Intelligence

SHOO options intelligence

Steven Madden Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 55 Market data through 31 Jul 2026 Checked 2 Aug 2026 06:07 · complete available chain

Call-side pressure

Bullish pressure

SHOO currently carries bullish options pressure with a 55/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.02.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 8.4%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.08

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +7.8%

RS 12.0

Expected move 8.4%
Put-call volume 0.08
Volume / OI 0.02
Reference IV 0.39
Max pain 35.00
Underlying 46.08
Nearest expiry 21 Aug 2026
Contracts 170

Research Brief

SHOO has a bullish chain read with 55/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 42.23–49.93; The largest call open-interest concentration is 50.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00.

Priced range42.23–49.93
Call concentration50.00
Put concentration35.00
Max pain reference35.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 42.23 to 49.93. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
42.2346.08 ± 3.8549.93
Confirmation level

A close beyond 49.93 or below 42.23 at the 21 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 55/100

Evidence alignment, not probability

Pressure is 96/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure96 × 42%
+40.4

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

Volume relative to existing open interest and contract-level activity.

Trend agreement0 × 26%
+0.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility61 × 10%
+6.1

The intensity of implied volatility and the priced move.

Reconstructed score55.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 50.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
22.50-51.2%
0
0
25.00-45.7%
0
8
30.00-34.9%
0
2502
35.00-24.0%
7452
405
40.00-13.2%
3591
54
45.00-2.3%
4430
3
50.008.5%
9762
0
55.0019.4%
0
0
60.0030.2%
0
0
65.0041.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.78× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.39 21 Aug 21d
0.40 18 Sep 49d
0.43 16 Oct 77d
0.44 18 Dec 140d
0.43 15 Jan 168d
0.47 19 Mar 231d
0.50 21 Jan 539d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

40
45
50
55
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
170 / 170
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Multi-expiry position-maintenance candidate

70/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $96365 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+96
1W price+7.8%
Call premium93%
Put premium7%
Notional split C 93% / P 7% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 501 contracts traded, $67635 estimated gross traded notional, and 70% of visible notional.
$67635
Calls · 8-21 days · ITM calls cluster with 22 contracts traded, $15180 estimated gross traded notional, and 16% of visible notional.
$15180
Puts · 46-90 days · ATM puts cluster with 27 contracts traded, $5602 estimated gross traded notional, and 6% of visible notional.
$5602
Calls · 91+ days · ITM calls cluster with 4 contracts traded, $5410 estimated gross traded notional, and 6% of visible notional.
$5410
Puts · 8-21 days · ATM puts cluster with 15 contracts traded, $1388 estimated gross traded notional, and 1% of visible notional.
$1388

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close46.08
1W+7.8%
RS12.0
Fair value+26.6%
Options pressure96
Speculation40
Volatility61
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 8.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.39 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:53 Volatility
Pressure 100
Move 10.2%
30 Jul 10:43 Volatility
Pressure 73
Move 9.9%
31 Jul 13:17 Bullish
Pressure 100
Move 11.1%
2 Aug 05:07 Bullish
Pressure 96
Move 8.4%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike35.00
Calls · V 0 · OI 7452
Puts · V 0 · OI 2502
Strike40.00
Calls · V 22 · OI 3591
Puts · V 0 · OI 405
Strike45.00
Calls · V 0 · OI 4430
Puts · V 15 · OI 54
Strike50.00
Calls · V 20 · OI 9762
Puts · V 0 · OI 3
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.39
Put-call0.36
Expiry18 Sep 2026
Contracts26
Avg IV0.40
Put-call0.05
Expiry16 Oct 2026
Contracts30
Avg IV0.43
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.44
Put-call-
Expiry15 Jan 2027
Contracts26
Avg IV0.43
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.61
Skew0.20
18 Sep 2026Put IV premium
Call IV0.41
Put IV0.46
Skew0.06
16 Oct 2026Balanced skew
Call IV0.40
Put IV0.42
Skew0.03
18 Dec 2026Put IV premium
Call IV0.42
Put IV0.48
Skew0.06
15 Jan 2027Balanced skew
Call IV0.41
Put IV0.46
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractSHOO260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume501
OI516
IV0.41
ContractSHOO260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume27
OI2
IV0.41
ContractSHOO260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume22
OI3591
IV0.69
ContractSHOO260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume20
OI9762
IV0.41
ContractSHOO260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume15
OI54
IV0.33
ContractSHOO270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume2
OI406
IV0.58
ContractSHOO270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume2
OI7
IV0.48
ContractSHOO260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI7452
IV1.08